The dissenting votes are evidence that policy makers' outlook on inflation is improving. Why not start to bet on a 100 basis- point cut for next month? |
The markets are reacting to the polls, but investors will sell off more aggressively if Flores doesn't make it into the second round. |
The new public credit team is much more realistic regarding market conditions for Argentina. This pricing makes the new bond attractive for value-oriented investors. |
They were obviously not comfortable with the orders they had. |